BTC to go volatile around down trend line with an eventual break thru.
Likely to break out then immidatley retrace and fake a lower move, to then turn on a dime and continue rally Prices much below 7500 - 7400 stop out.
Here is a chart pattern I drew up tonight. This is currently my " B" chart but it is very likely to be come the " A " chart. This current mini sell off that we had over the weekend cannot fit inside the old scenario. The my process is very specific.
Every completed wave forecast the future more clearly. So things can change and are fluid. I have had to flip flop...
Sad too see how a great chart like this one goes completely unnoticed.
This series has had over 500 views.
Which is relatively small.
Has been a full 6 weeks or near perfect accurate forecasting down to the dollar.
Oh well. So it goes.
Sour grapes. We are near a temporary bottom.
Here is my outlook for the rest of the year. self explanatory.
I will also repost -the chart ETH - a molly wopping in 3 parts that still gets no love. Possible one of the best charts Ive seen in trading view if I dont say so myself. But I guess I am saying so..... err....
Its time to be accumulating BTC. The time to sell the rallies ends soon.
ETH, looks to be in the same position as the rest of the market. Looks like after this small pause is complete, we move higher to new recovery highs and peak out for this wave at just below $1000.
The next sell off leg is the 3rd major down leg. Looks to bottom near $500.
$450 is my lower bound.
Afterward I forecast the price of ETH and the entire crypto...
Chart 5 of 5.
One more rally to $12,031 area
followed by chop resistance at centerline.
followed by precipitous decline to near
followed by a spike low to near $9563 area.
followed by healthy rally to $12,400.
Followed by giving it all back to new lows to $7800 - $8000 area